As I can see on the XAUUSD hour chart the daily open for today was lower than the last day which can be a good signal for a south direction of the market.
Now when focusing on the chart you can easily get the signal form the green up arrow which shown below the price candles to indicate a probably of bullish direction on the upcoming day.
And about the strong levels that the price may need to fight in order to break it you can monitor that there is a strong resistance located at the price 1206.95 and I think it is hard for the price to break it up then I guess I will use it as a primary take profit level for any long positions that I may enter.
I also always keep an eye on the check and trader indicators to help me filtering the fake trend signals and they have to show a blue line for the check and a green color for the trend indicator before I decide to enter the long positions.
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---------- Post added at 10:44 AM ---------- Previous post was at 09:29 AM ----------
The price is moving above the wave of EMA indicators to perform a shape of bullish direction through the day at the chart of XAUUSD pair.
And with a buy signal showing on the RSI indicator which have the line going above the center line of 50.
This also can be merged with the data of Macd indicator as you can see the green lines is heading up to inform that the market bulls have the control at the market for the current period.
Then I think going with the bulls at the current day and keep at the market until another sell signals shown on the cart by getting the price under the wave of EMA indicators .
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